FINANCIAL MANAGEMENT PERFORMANCE INDICATORS

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Nov 10, 2013 (4 years and 3 days ago)

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FINANCIAL MANAGEMENT PERFORMANCE INDICATORS


The indicators below are used by the Authority to measure key elements of
the financial management and financial standing of the County Council.


These indicators supplement information presented to members on t
he key
financial processes of budget and capital monitoring, budget setting and
outturn reporting.


Budget & Capital Programme 2008/09


Aim of
Indicator

Indicator

Target

Current
Performance


Notes

Accuracy of
budget

Estimated outturn
divided by budget

98.
5%

99%



On Target

Delivery of
capital
programme

Estimated outturn
divided by capital
resources

95%

95.1%



On Target


Exchequer 2008/09


Aim of
Indicator

Indicator

Target

Current
Performance


Notes

Speed with
which invoices
are paid

Percentage of
undis
puted invoices
for commercial
goods and services
that were paid within
30 days.

94%

93.51%



Issues remain with delays in
invoices being received to be
paid within 30days.
Resourcing issues
addressed.

Effectiveness of
debt recovery

Receivables
-

The
value

of debts aged
over 42 days
(excluding Adult
Social Care) should
not exceed 3.25% of
the total value of
debts raised in the
previous 12 months.

3.25%

4.6%



Greater than normal number
of ‘high value’ debts
outstanding. Resourcing
issues addressed and debt
s
being pursued.


Receivables
-

The
value of residential
debts (excluding
secured debt) aged
over 42 days should
not exceed 4.3% of
the total value of
debts raised in the
previous 12 months.

4.3%

3.9%



Very old large debts have
been settled.


Pension 20
08/09


Aim of
Indicator

Indicator

Target

Current
Performance


Notes

Effectiveness of
the pensions
service

Retirements are
processes within 10
working days of the
relevant paperwork
being received, or
date or leaving


whichever is the
latest.

85%

97%



Ov
er Target




126


Payroll 2008/09


Aim of
Indicator

Indicator

Target

Current
Performance


Notes

Effectiveness of
the payroll
service

Percentage of
deadlines met

100%

100%



On Target


Audit 2008/09


Aim of
Indicator

Indicator

Target

Current
Performance


Note
s

Measure
performance
against plan

Number of planned
audits undertaken
divided by the
number in the plan

90%

90%



On Target



The two indicators that are reported annually are:


Aim of
Indicator

Indicator

Target

Accuracy of
budget
monitoring

November f
orecast
divided by outturn


Accuracy of
capital
monitoring

Capital programme
outturn resources
divided by the third
review



For 2009/10 the Financial Management Indicators listed above will continue
and following a review, the targets maybe altered.



















January 2009.